Lindner: EU wants to contribute 18 billion to Ukraine loan
Published: Tuesday, Oct 22nd 2024, 20:40
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According to Finance Minister Christian Lindner, the EU wants to contribute around 18 billion euros to an international loan to Ukraine. "We are on the verge of a breakthrough in supporting Ukraine this week," said the FDP leader during a visit to New York. He was grateful that the USA was likely to contribute 20 billion dollars. "This also clears the way for support from the European Union in the order of 18 billion euros."
At issue is a loan of 50 billion US dollars, which the seven major Western industrialized nations (G7) agreed at a summit in June and which is secured by interest income from frozen Russian assets. The parties involved are expected to reach an agreement by the end of the week.
This week it was possible to send a clear signal that the G7 and the European Union were united in defending the international order by supporting Ukraine in its right to self-defence, Lindner emphasized.
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